Panchkula Sector 16, Chandigarh

sector 16 is an upcoming neighbourhood situated in panchkula. the name panchkula comes from two sanskrit words - panch (five) and kula (canals), i.e., the place where five irrigation canals meet.

the city is well known for its infrastructural design with systematic layout, widened roads adorned with beautiful trees and buildings that complement the modern outlook of systematic planning. this sector is also famous for its natural beauty as it is surrounded by the thickest forest cover in the entire state of haryana.

the average price of this locality is 8,700 / sqft. 27% of the properties on sale lie in the range of 1.6 crores to 1.8 crores whereas 45% of the rental properties lie in the range of 10,000 - 15,000. this locality has various builder floor apartments, residential houses, including luxurious 2 bhk, 3 bhk and 4 bhk apartments, villas and residential plots.

key highlights :

• connectivity to major localities like indira colony, Mauli Jagran and sectors 7, 8, 9, 10, 15, 17, 18.

• planned city

• upcoming posh locality

whats great? :

• developed social infrastructure

• close proximity to panchkula railway station

• surrounded by greenery and mountains.

• low pollution

whats not great? :

• traffic

• planned load shedding 

Watch out for? :

• famous panchkula railway junction serves as a hub for all railways, and all trains halt at this point, severs as an exchange point.

• prices for real estate are increasing steadily due to developed social amenities like hospitals, schools, etc.

property rising factor :

• short term -

• development in social amenities

• the locality is considered to be a prime location.

• long term -

• well developed planned city adds to the worth of the locality in the long run.

• many industries and many new social amenities like colleges and parks are being developed in naya gaon; this is attracting a lot of new projects in the housing department, and theres a steady rise in the price factor due to this surge.

other highlights :

• social infrastructure -

• panchkula railway junction is very close to sector 16.

• police station is nearby so there are frequent police patrolling

• rajindra park and ashok buddha vihar are a must-visit place

• shopping complexes & markets -

• shopping mall ( 2.0 km )

• procedure ( 1.0 km )

• sonu cosmetic shop ( 2.5 km )

• a-one store ( 2.4 km )

• ctc shopping plaza ( 2.1 km )

• health care centres -

• family clinic ( 1.2 km )

• gupta surgical & gynae clinic ( 350 m )

• goyal clinic ( 1.5 km )

• civil hospital panchkula ( 3.7 km )

• ircc hospital ( 1.4 km )

• connectivity and public transport -

• mohali international airport ( 15.4 km )

• panchkula international airport ( 15.2 km )

• panchkula junction railway station ( 5.1 km )

• schools, banks and fitness centres -

• schools :

• the british school ( 1.9 km )

• st. soldiers school ( 350 m )

• saupins school ( 1.5 km ) 

• government high school ( 2.4 km )

• banks & atm :

• banks

• idbi bank ( 650 m )

• dcb bank ( 2.0 km )

• bank of maharashtra ( 2.2 km )

• yes bank ( 2.3 km )

• atms 

• induslnd bank atm ( 1.8 km )

• axis bank atm ( 1.0 km )

• canara bank atm ( 700 m )

• state bank atm ( 450 m )

• bank of baroda atm ( 1.3 km )

• fitness centres :

• fitness lounge ( 600 m )

• golds gym ( 600 m )

• hype the gym ( 800 m )

• popular landmarks near locality

• tank monument ( 10.9 km )

• garden of silence ( 7.4 km )

• cactus garden ( 2.0 km )

• christ the king cathedral ( 7.7 km )

micro market analysis :

• capital and rental trends -

• price trend analysis has shown sector 16 showing an upward trend since the last six months. there has been an increase of 146% in the prices of properties in this locality.

• a 3 bhk apartment in this locality costs around 1.25 crores to 4.40 crores. 

• renting a 1 bhk apartment would cost around 6,000 -13,000 to your pocket.

• scope of growth -

• with the upcoming construction to make this locality a smart city, the price of this locality will be witnessing a surge in the prices

• as the new apartments coming up are green apartments, the surroundings of this locality have been improved, thereby attracting many buyers

• investment opportunities -

• price trend analysis recommends a 2 bhk apartment as it is a demanding spot for buyers. the overall price trend shows an upward trend for panchkula and sector 16, resulting in better residential investments for long-term benefit-seeking investors.